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20121119
20121119
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and california, those are the states where taxpayers have the highest its myselfed deductions, martha. martha: we hear that the president weighed in on the fiscal cliff issue on his trip to thailand and cambodia. what did he say? >> during a joint press conference with the prime minister he asked for devine guidance. >> i believe in prayer when i go to church back home and if a buddhist monk is wishing me well i'm going to take whatever good vibes i can give me to deal with challenging back home. >> wall street hopes the prayers are answered. us companies are pulling back on investment at the fat et cetera rate since the degrees. martha: at the bottom of the hour we will be joined by the man whose job it is to keep track of the gop votes in the house and if necessary keep republicans in line. can he do that? house majority whip kevin mccarthy will be here in "america's newsroom" to talk fiscal cliff with us. we'll ask him about the likelihood of higher taxes in the new year. bill: meanwhile oversees new developments on libya. congress launching an investigation into who changed cia talking points
"getting a break." they listed some of the higher income states. california leads the way. if you go down the charge, the lowest states, indiana the lowest in terms of just what folks are getting in their homes in terms of added as -- itemized deductions. that's it from the other gentleman we heard in that clip. [video clip] >> tax increases to chase after higher spending is a fool's errand. we need to have that balanced approach we have all been talking about, which is increasing revenues through a process of tax reform, then spending reductions. we've had four straight years of trillion dollars plus deficit. you cannot continue this and have economic vitality, which is what we need. host: anything there you want to respond to? guest: the federal government spends over $1.40 for every dollar it takes in. you cannot continue to do that without having a day of reckoning. we need comprehensive tax reform. we need a comprehensive approach to regaining control of the budget, social insurance reforms, defense and other spending reductions, and tax reform that will generate more revenues. i don
Search Results 0 to 1 of about 2